Of the 42 startups that are planning to launch IPOs, 21 have reported losses totalling ₹12,000 crore in their last-available financial reports, Financial Express reported. Among the loss-making startups, the losses are led by Flipkart, PhonePe, Zepto and Zetwerk. The profit-making IPO-bound startups include OYO (₹200 crore profit), Lenskart (₹297 crore profit) and Kissht (₹160 crore profit).